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As of October 2023, nearly 500,000 businesses in Illinois were owned by women. Some of those businesses are spread throughout central Illinois. From Pontiac to Macomb to Monmouth, you can find a ...
The median retirement savings for women is $185,000, while for men it is $269,000. To run their experiment the researchers estimated rates of return for a bear market and a bull market.
According to the Center for Retirement Research (CRR), as detailed by Forbes, in 1992, the average retirement age was 62 for men and 59 for women. For the next 30 years, there is a positive ...
The Illinois Municipal Retirement Fund (or IMRF) is the second largest and best-funded public pension system in Illinois. Since 1941, has partnered with local units of government to provide retirement, disability and death benefits for public employees. With a funded status of about 98 percent and more than $50 billion in assets, IMRF is well ...
The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees. [1]
The Illinois General Assembly created the Teachers’ Retirement System of the State of Illinois (TRS or the System) in 1939 for the purpose of providing retirement annuities, and disability and survivor benefits for educators employed in public schools outside the city of Chicago. The System's enabling legislation is in the Illinois Pension ...
Three in 4 women (75%) are saving for retirement through employer-sponsored plans such as a 401(k), IRAs, mutual funds, or bank accounts, compared with 81% of men, according to a survey report out ...
Women are saving more than ever for retirement: Nearly 3 in 4 working women (74 percent) are contributing to their retirement savings, a four percentage point increase over the past three years ...